Yard Designs (YD) experienced the following events in Year 1, its first year of operation: 1. On October 1, Year 1, YD collected $37,200 for consulting services it agreed to provide during the next 12 months. 2. Adjusted the accounts to reflect the amount of consulting service revenue recognized in Year 1. ats Book Required Based on this information alone: a. Record the events under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period. c. Ignoring all other future events, what is the amount of service revenue that would be recognized in Year 2? Print References Complete this question by entering your answers in the tabs below. Reg A Req B1 Inc Stmt Reg B2 Bal Sheet Reg 83 CF Stmt Regc Record the events under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Not all cells require input.) YARD DESIGNS Accounting Equation Year 1 Stockholders Assets - Liabilities + Equity Cash Unearned Retained Revenue Earnings Event Event Adjusting 0+ ME Graw Hill Saved 7 Required Based on this information alone: a. Record the events under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period. c. Ignoring all other future events, what is the amount of service revenue that would be recognized in Year 2? 15 points Complete this question by entering your answers in the tabs below. eBook Print Re B1 Inc Stmt Reg A Req B2 Bal Sheet Req B3 CF Stmt References Reqc Prepare an income statement for the Year 1 accounting period. (Do not round intermediate calculations.) YARD DESIGNS Income Statement For the Year Ended December 31, Year 1 S 0 Saved c. Ignoring all other future events, what is the amount of service revenue that would be 7. Complete this question by entering your answers in the tabs below. Req A Req B1 Inc Stmt Req B2 Bal Sheet Req B3 CF Stmt Reg C oints Prepare a balance sheet for the Year 1 accounting period. (Do not round intermediate calcu eBook Print YARD DESIGNS Balance Sheet As of December 3+ Year 1 References Assets 0 Total assets Liabilities $ 0 Total liabilities Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity S 0 E2 Saved c. Ignoring all other future events, what is the amount of service revenue that would be recognized in Ye 7 Complete this question by entering your answers in the tabs below. 15 points eBook ReqA Req B1 Inc Req B2 Bal Reg B3 CF Stmt Reg C Sheet Stmt Prepare the statement of cash flows for the Year 1 accounting period. (Do not round intermediate calculations. outflows with a minus sign.) YARD DESIGNS Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities Print References $ 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Net change in cash 0 $ 0 Ending cash balance Bookmarks Essaytyper Canvas Dashboard Connect - To Do A... APA Citation Gene.. E2 Surved Yard Designs (YD) experienced the following events in Year 1, its first year of operation: 7. 1. On October 1, Year 1, YD collected $37,200 for consulting services it agreed to provide during the next 12 months. 2. Adjusted the accounts to reflect the amount of consulting service revenue recognized in Year 1. 15 points Required Based on this information alone: a. Record the events under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period. c. Ignoring all other future events, what is the amount of service revenue that would be recognized in Year 2? Book Print Reference Complete this question by entering your answers in the tabs below. Reg Req B1 Inc Req B2 Bal Req B3 CF Strnt Sheet Rec Stmt Ignoring all other future events, what is the amount of service revenue that would be recognized in Year 27 (Do not round intermediate calculations.) Service revenue to be recognized in Year 2 Req B3 CF Stmt
